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By: Crown Forex - 24-09-2008
0votesgold
Gold returned to trand between the critical correction levels between 890.60 and 860.90 despite trading several times above the latter level. The 900 level is still a psychological level that pressures the metal to the downside. We are now in a downside trend on the intraday basis yet the short term trend is still to the upside where trading above the 890 level will result in further gains to attempt to breach the psychological level at $900 per ounce.
The trading range for today is among the key support at 850.75 and the key resistance at 918.30
The general trend is to the upside as far as 730.00 remains intact with targets at 983.00 and 1016.00Support 879.50 870.95 861.90 860.90 850.75 Resistance 890.60 898.40 904.85 908.60 918.30 Recommendation ... silver
The metal is undergoing a sideways correction with tendency to the downside where we expect to see an attempt to retest th 13.90 - 13.95 level for today.
The trading range for today is among the key support at 12.50 and the key resistance at 14.10.
The general trend is to the downside as far as 18.30 remains intact with targets at 12.50 and 10.50Support 13.10 13.00 12.90 12.75 12.50 Resistance 13.55 13.85 13.90 14.10 14.20 Recommendation ...
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Crown Forex
CROWN FOREX SA, located at St-Hubert 38, 2854 Bassecourt, P.o.box 247, Switzerland, is fully regulated as a financial intermediary under Swiss federal law on the prevention of money laundering (LBA, MLA). Our company is also affiliated with the ARIF association, thus overseen by the Swiss federal de
DISCLAIMER:
The above may contain information for investors/traders and is not a recommendation to buy or sell currencies, gold, silver & energies, nor an offer to buy or sell currencies, gold, silver & energies. The information provided is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. I am not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trading currencies, gold, silver &energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, gold, silver &energies presented should be considered speculative with a high degree of volatility and risk
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